Zhenying Zuo

Dr. Zhenying Zuo


Research Focus & Metrics

Academic Career Length

1Year (2026-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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Journal Article
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GHguanfen Hua
guanfen Hua
JWJinliang Wang
Jinliang Wang
Chen XueshengChen Xuesheng
Chen Xuesheng
ZZZhenying Zuo
Zhenying Zuo
Recent disruptions have made supply chain resilience a central concern for firms and policymakers, yet the financial-policy foundations of resilience remain insufficiently understood. This study examines whether policy-driven industry–finance cooperation strengthens corporate supply chain resilience and through which financial channels this effect operates. Using the China Industry–Finance Cooperation (IFC) Pilot Policy as an exogenous policy shock, we analyze Chinese A-share listed manufacturing firms from 2014 to 2023. The SDID estimates show that the IFC Pilot Policy increases firms’ supply chain resilience by 0.061 standard deviations, and this result remains stable across multiple robustness checks. Mechanism tests indicate that the policy improves resilience by reducing debt financing costs, promoting supply chain finance, and enhancing real investment efficiency. Further heterogeneity analysis shows that the effect is stronger among technology-intensive firms and firms located in less favorable business environments. Theoretically, this study links industry–finance cooperation to supply chain resilience through a “funding cost–chain cash flow–capital use” framework. Practically, it shows that better coordination between financial services and industrial needs can help firms strengthen their capacity to withstand supply chain risks.